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Mill Creek Plaza 3667 Braddock Dr

26,698 SF 67% Leased Office Building Lafayette, IN 47909 $2,500,000 ($94/SF) 9% Cap Rate

Investment Highlights

  • Veterans Memorial Parkway frontage
  • Large parking
  • 3.04 Acres on Veteran Memorial Parkway one of the most desirable locations in Tippecanoe County.

Executive Summary

80% of building is leased, slightly more than 6,000 square feet is available for lease at $15.00 a square plus CAM.

Property Facts

Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Office
Building Size
26,698 SF
Building Class
C
Year Built
2000
Price
$2,500,000
Price Per SF
$94
Cap Rate
9%
NOI
$225,000
Percent Leased
67%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
26,698 SF
Slab To Slab
10’
Building FAR
0.18
Lot Size
3.50 AC
Zoning
NB - GB-General Business
Parking
200 Spaces (7.49 Spaces per 1,000 SF Leased)

Amenities

  • Bus Line
  • Day Care
  • Fitness Center
  • Metro/Subway
  • Signage
  • Central Heating
  • High Ceilings
  • Yard
  • Monument Signage
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Fl-Ste A
  • 2,500 SF
  • Office
  • Full Build-Out
  • Now

Previously a Western Southern branch location for over 20 years.

  • 1st Fl-Ste c
  • 6,180 SF
  • Medical
  • Partial Build-Out
  • Now

Previously used as a church & veterinary clinic as well as a church. Originally designed as two suites that can easily be divided.

Space Size Space Use Condition Available
1st Fl-Ste A 2,500 SF Office Full Build-Out Now
1st Fl-Ste c 6,180 SF Medical Partial Build-Out Now

1st Fl-Ste A

Size
2,500 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Fl-Ste c

Size
6,180 SF
Space Use
Medical
Condition
Partial Build-Out
Available
Now

1st Fl-Ste A

Size 2,500 SF
Space Use Office
Condition Full Build-Out
Available Now

Previously a Western Southern branch location for over 20 years.

1st Fl-Ste c

Size 6,180 SF
Space Use Medical
Condition Partial Build-Out
Available Now

Previously used as a church & veterinary clinic as well as a church. Originally designed as two suites that can easily be divided.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
79-11-09-252-011.000-032
Land Assessment
$0
Improvements Assessment
$1,774,300
Total Assessment
$1,774,300
  • Listing ID: 26748883

  • Date on Market: 9/30/2022

  • Last Updated:

  • Address: 3667 Braddock Dr, Lafayette, IN 47909

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